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Agronometrics in Charts: Large avocado volumes keep lid on prices


This week we're going to take a look at the U.S. avocado market and the impact that greater supplies than last year have had on prices.

Looking at the chart below, we can see that since week 18 prices have been in gradual decline and well below last year. By week 30, average arrival prices of avocados were US$2.60 per kilo, which is 39% lower than the same time last year.

Prices of non-organic Hass avocados in the U.S. market (USD/KG) in the U.S. market


Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

The higher year-on-year prices from the start of 2020 until around April could likely be explained by lower volumes from Mexico, the leading supplier, compared to 2019.

Although in July the supply levels were similar to lasts year, significantly higher volumes in May and June had a clear impact on prices, with both California and Mexico supplying the market with more fruit.

Volume of non-organic Hass avocados in the U.S. market in the U.S. market (KG)


Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

In the chart below, we can see that supplies from California have been consistently higher than in 2019 throughout the year so far, especially in the month of May.

Volume of non-organic Hass avocados from California in the U.S. market (KG)


Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

May is also the month that Mexico began shipping higher volumes of avocados to the U.S. than last year, and it continued to do so in June and July.

Volume of non-organic Hass avocados from Mexico in the U.S. market (KG)


Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)


Written by: Cristian Crespo
Original published in FreshFruitPortal.com on August 04, 2020 (Link)

Comments

  1. Cristian, what do you know of Mexico exporting fruit to the US from states that are not cleared to export fruit. In particular Jalisco, Nayarit, Toluca among other places. To keep the demand going, packing houses are bringing fruit from other states into Michoacan and labeling it as if that fruit is from Michoacan so they can export it.

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